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Labor Productivity of Czech Firms and the Impact of the Crisis on Its Development
[Produktivita práce českých podniků a vliv krize na její vývoj]

Author

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  • Pavel Mikan

Abstract

The paper deals with the influence of the global financial crisis on labor productivity in Czech companies belonging to analyses of the Ministry of Industry and Trade of the Czech Republic. It tries to illustrate businesses' adaptation to new conditions. The article focuses on the confirmation or refutation of the assumption that after a decline in labor productivity, which resulted from the global financial crisis, enterprises reached the pre-crisis level no later than 2011. Furthermore, the object of the article is the discovery, how has the companies' restraint of recruiting new staff impact on the development of the personal costs.

Suggested Citation

  • Pavel Mikan, 2012. "Labor Productivity of Czech Firms and the Impact of the Crisis on Its Development [Produktivita práce českých podniků a vliv krize na její vývoj]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2012(3), pages 93-102.
  • Handle: RePEc:prg:jnlcfu:v:2012:y:2012:i:3:id:325:p:93-102
    DOI: 10.18267/j.cfuc.325
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    More about this item

    Keywords

    Labor productivity; Non-financial firms; Personal cost; Produktivita práce; Nefinanční podniky; Osobní náklady;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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